Jack Ma bought the world’s second most expensive home

According to a report in The South China Morning Post, it is rumored that Ma has bought a A 9,890-square-feet luxury house in Hong Kong for a jaw-dropping $193 million. The seller of the home is Francis Yuen Tin-fan, the former deputy chairman of PCCW and ex-chief executive of Hong Kong Exchanges and Clearing.

The report says that on a per-square-foot basis, the home at house at 22 Barker Road on The Peak is the second-most expensive home in the world.

In June, the Alibaba chairman bought a a 28,100-acre property in New York’s Adirondacks for $23 Million.